Two insurance industry events are heading to Bermuda for the first time.

Both are being staged on the island by London-based organisations.

Field Gibson Media’s event, titled Insurance Risk and Capital Bermuda, will be held on October 20 at the Hamilton Princess and Beach Club.

While Newsquest Specialist Media’s event, Global Reinsurance Innovation & Insurtech, will take place at Rosewood Tucker’s Point on November 6.

Jereme Ramsay, of the Bermuda Business Development Agency, said: “One of our agency’s major objectives is to bring quality industry events to the island to help attract investors and industry executives, including risk managers and insurance buyers, to explore opportunities in Bermuda.”

The business development manager added: “These events help to fulfil that goal, and also to bolster our fall tourism season.”

Field Gibson Media is known for its InsuranceERM.com online publication, a leading source of information on risk and capital issues affecting insurance companies. Its event is sponsored by Aon Benfield, Deloitte, EY and the BDA and expected to attract more than 100 risk professionals.

Tony Gibson, the group’s managing director, said: “It is an honour for InsuranceERM to hold its distinctive take on risk, capital and asset management in the world’s risk capital.

“The Bermuda industry has an enviable reputation for stability in the face of the world’s biggest catastrophes — a testament to the strong ethos of enterprise risk management among the island’s insurers, and to the island’s solid regulatory framework.”

While Chris Cundy, Insurance ERM’s managing editor, said: “Bermuda’s uniqueness comes in matching this constancy with an environment that encourages innovation.”

He said that Bermuda, helped by the “responsive and agile” Bermuda Monetary Authority, was a “hotbed of insurance talent that has pioneered opportunities and new business models that have been adopted worldwide”.

The one-day conference will examine topics around innovation in the insurance industry, rigour and robustness around reporting and modelling, the changing role of the chief risk officer, Bermuda’s regulations for underwriters, new capital standards, cybersecurity, and group supervision in an uncertain geopolitical environment.

Among the speakers lined up for the event are Ross Webber, chief executive officer of the BDA, Craig Swan, managing director, supervision, BMA, Edward Mishambi, head of risk and regulatory affairs for RenaissanceRe, Elisabetta Russo, ERM adviser for the National Association of Insurance Commissioners, and Dan Malloy, chief underwriting officer of Third Point Re.

October is shaping up to be a busy month for Bermuda, with another three global business events being held within the space of ten days.

The World Alternative Investment Summit Bermuda, produced by Radius Financial Education, takes place at Fairmont Southampton from October 11 to 13.

Hedge Connection’s Global Fund Forum is at the same venue from October 16 to 18. It is immediately followed by the annual ILS Bermuda Convergence event on October 18 and 19 at Hamilton Princess & Beach Club.

In November, GR Innovation & Insurtech will examine disruptive global technology trends and how the risk industry can capitalise on these.

Mr Webber will again be among speakers. Close to 100 delegates are expected to attend.

Sophie Roberts, associate publisher of Global Reinsurance, said: “We’re excited to be able to contribute to the conversation around innovation in insurtech and all the opportunities this can present to the Bermuda market — we hope this new event can be a catalyst for new ideas in this fast-developing sphere.

“Our event is designed to bring an international audience to the island to examine all aspects of insurtech and take lessons from those who are pioneering in this space on the island and around the world.”

The event is scheduled during the week of the World Rugby Classic, and happens the day before the PwC S&P Global Bermuda Reinsurance conference, which takes place on November 7 and 8, at the Hamilton Princess. That forum is now in its twelfth year and attracts senior executives to reflect on transformative issues facing the reinsurance industry.